A 15th century Chinese Thangka sold for a world record auction price of US$45 million at Christie’s in Hong Kong. The Imperial embroidered silk made a world record auction price for any Chinese work of art. It was bought by Liu Yiqian for his recently opened long museum in Shanghai after an intense 22 minute bidding battle. From an American private collection it dates to the period 1402-1424 and is complete with Yongle six character presentation mark of the period. There were several other bidders on the phone and the packed saleroom several times broke into applause. This is a record for any Chinese works of art sold by an international auction house.
Afterwards Mr. Liu said: “I am proud to bring back to China this significant and historic 15th century Thangka which will be preserved in the Long Museum for years to come”.